“It is a really big project to develop all of Bezant Blockchain,
platforms based on it, and content and payment platforms working
therein, including wallet. To make the project a reality, we have
secured 20 experienced engineers with superior technical skills”

In the session, Foundation Director Steve Tay, Chief Cryptocurrency
Officer Daesik Kim, who is founder and former CEO of Bithumb and Chief
Technology Officer Colin Lee, who is the former project lead of Kakao
Co.’s payment platform development, presented the current business
conditions, technology and roadmap of the Bezant Foundation.

The Bezant platform is based on a Blockchain developed with the
Hyperledger Fabric technology to overcome the limitations of existing
public Blockchains in such key payment elements as speed and commission
fees. The Bezant Foundation plans to utilize the platform in creating a
wide array of new services directly as well as through its partners.

“We will create services that can be widely commercialized for
individual consumers to benefit from our Blockchain technology. As a way
of doing so, we will offer wallet services as a module to corporate
customers so that consumers can use Bezant Token (BZNT) for digital
contents and e-commerce. Under our plans, consumers will be able to
trade BZNT with other users through wallets, and also exchange BZNT with
other cryptocurrencies after the token is listed on the cryptocurrency
exchanges,” CCO Daesik Kim said.

“In addition to wallet services based on Blockchain platform, we are
working on content platform services which will take the form of B2B
solution in order to activate paid content markets themselves. Through
Blockchain technology, content providers, distributors and consumers can
ensuretransaction transparency, privacy protection and minimal
commission fees even without central control by mediators,” CTO Colin
Lee said.

“It is a really big project to develop all of Bezant Blockchain,
platforms based on it, and content and payment platforms working
therein, including wallet. To make the project a reality, we have
secured 20 experienced engineers with superior technical skills,” CTO
Colin Lee added.

A presentation on payment back-end solutions which will actualize Bezant
Blockchain platform took up a large part of the session. A payment
module which can support various local payment methods and also be a
gateway for them through an API connection got a lot of attention.

Foundation Director Steve Tay said, “The Bezant Blockchain Project is
renovating the ecosystem of digital payment markets. Through Blockchain
technology which does not need mediators, we will eliminate inefficiency
all the way from content distribution to content payment. We will also
try to expand the digital payment markets of emerging countries
especially in Southeast Asia by providing partners with B2B payment
solutions that will support not only international credit cards but also
local payment methods which differ from country to country.”

An official of the Bezant Foundation said, “Through the meet-up, we
could be assured again of much interest in and strong support for the
Bezant Blockchain Project. To answer high expectations for us, we will
announce the schedule of our next global meet-up as soon as possible so
that global investors and developers can communicate directly with us.”

Meanwhile, the Bezant Foundation, a venture startup founded in Singapore
in 2018, was joined by Daesik Kim, the founder and former CEO of
Bithumb, one of the world’s largest cryptocurrency exchanges, as a
direct investor and chief cryptocurrency officer who will oversee
Bezant’s businesses as well. Bezant has attracted attention in the
related industry by recruiting outstanding developers of popular Kakao
Pay and Kakao Commerce platforms and competent figures who worked at NHN
Entertainment and eBay, etc.

The Bezant Foundation has begun its ICO for BZNT. Pre-sale will begin at
9 a.m. on May 3 and end at 9 a.m. on May 31 in Singapore time.